{"id":154598,"date":"2025-09-23T04:54:08","date_gmt":"2025-09-23T04:54:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/154598\/"},"modified":"2025-09-23T04:54:08","modified_gmt":"2025-09-23T04:54:08","slug":"go-bold-or-go-bust-are-the-best-days-over-for-singapores-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/154598\/","title":{"rendered":"Go bold or go bust: Are the best days over for Singapore\u2019s economy?"},"content":{"rendered":"<p>The country must make bold moves to define its next chapter of growth, or risk being left behind<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">SINGAPORE\u2019S rise from a poor nation to a global hub in one generation is a modern-day success story. Our gross domestic product grew forty-fivefold and per capita income twenty-fivefold by pivoting our economic strategies: export-led in the 1960s, capital-intensive in the 1980s, and knowledge-based in the 2000s.\u00a0<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">We now stand <a class=\"text-verticals-btblue underline\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/singapore\/singapore-foster-outgoing-and-experimental-spirit-refreshed-economic-strategy-tharman\" target=\"_blank\" rel=\"nofollow noopener\">on the cusp<\/a> of another pivot. We either drift into slow, mature growth, or leap onto the next \u201cS-curve\u201d. <a class=\"text-verticals-btblue underline\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/singapore\/singapore-risks-worst-both-worlds-outcome-if-caught-us-china-rivalry-vivian-balakrishnan\" target=\"_blank\" rel=\"nofollow noopener\">Geo-economic contestations<\/a>, climate change and macroeconomic uncertainty demand a new way of thinking. Rapid technological advancements present opportunities \u2013 if we can seize them \u2013 to overcome our immutable constraints in land, manpower and carbon.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">At the <a class=\"text-verticals-btblue underline\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.businesstimes.com.sg\/singapore\/us-baseline-10-tariff-not-ideal-singapore-can-live-it-pm-wong\" target=\"_blank\" rel=\"nofollow noopener\">Global-City Singapore: SG60 and Beyond-themed conference<\/a> organised by the Institute of Policy Studies and Singapore Business Federation in July, Prime Minister Lawrence Wong called for \u201cbig, bold moves\u201d. <\/p>\n","protected":false},"excerpt":{"rendered":"The country must make bold moves to define its next chapter of growth, or risk being left behind&hellip;\n","protected":false},"author":2,"featured_media":154599,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-154598","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/154598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=154598"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/154598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/154599"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=154598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=154598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=154598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}